- Joined
- Jul 1, 2017
- Messages
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Hello All,
DH is retiring the end of the year, and will have a pension and annuity income, and 401k access. I have a 401k through my job, taxable accounts, and a small Roth IRA.
I was going to retire in August but a family situation has moved that up to the spring. The most I am anticipated to work in 2020 will be four months.
So the question is, does it made sense for me to contribute to the Roth 401k the last few months of work? After I retire (or when I turn 59 1/2 this February) I can roll funds from my 401k into an IRA. The majority of the funds are taxable, but there are Roth funds 401k in there as well. My work 401k is no bargain expense wise, and I had intended no matter what to roll out the Roth 401k into a Roth IRA to save expenses.
I do want to make Roth conversions over the next few years to minimize the RMD "tax bomb".
DH is retiring the end of the year, and will have a pension and annuity income, and 401k access. I have a 401k through my job, taxable accounts, and a small Roth IRA.
I was going to retire in August but a family situation has moved that up to the spring. The most I am anticipated to work in 2020 will be four months.
So the question is, does it made sense for me to contribute to the Roth 401k the last few months of work? After I retire (or when I turn 59 1/2 this February) I can roll funds from my 401k into an IRA. The majority of the funds are taxable, but there are Roth funds 401k in there as well. My work 401k is no bargain expense wise, and I had intended no matter what to roll out the Roth 401k into a Roth IRA to save expenses.
I do want to make Roth conversions over the next few years to minimize the RMD "tax bomb".